GLMX Technologies LLC, a technology provider for global money market transactions, including repurchase agreements, securities lending and term deposits, has been appointed by the Monetary Authority of Singapore (MAS) as a Recognized Market Operator (RMO) effective 28 May 2024 .
This recognition from MAS allows GLMX to provide its platform to financial institutions based in Singapore, a major global trading hub. The approval also allows GLMX to expand its global footprint while demonstrating its commitment to regulatory compliance.
“Becoming RMO in Singapore is an important step for GLMX as it strengthens the company’s commitment to markets across Asia,” said GLMX CEO and Co-Founder Glenn Havlicek.
“Clients are increasingly demanding a single point of access to the global money market and interest from institutions based in Asia to connect to the GLMX platform has intensified over the past 12-18 months. We continue to expand our offering to meet the growing demand for access to deep institutional liquidity combined with operational efficiency. We look forward to strengthening our institutional relationships with clients across Asia,” concluded Havlicek.